The busy spring home buying season is here, and are very strong so far in 2013. Our Brookside neighborhood is experiencing fast sales and higher average sales prices. Here are the home sales stats for February 2013 and a year-to-date comparison with 2012 for the main Brookside zip code of 64113:
In February 2013, 14 homes sold. The average list price was $368,032 and the average sales price was $356,910. Average days on market: 135.
In February 2012, 11 homes sold. The average list price was $315,286 and the average sales price was $296,289. Average days on market: 144.
Average sales price from one year ago is 20% higher! Days on market is slightly less. This is great news for sellers–home values are increasing, which means your home has more equity.
Let’s compare year-to-date figures:
In the first two months of 2013, thirty homes sold with an average sales price of $305,493 and 102 days on market.
In the first two months of 2012, twenty homes sold with an average sales price of $318,734 and 134 days on market.
Note that the average price for 2013 is a bit less. The reason? More expensive homes sold in 2012 and fewer homes sold, pushing the average price up. In 2013 we’ve had more units sold and fewer days on market–that is the right direction for a healthy market.
Currently there are 80 single family homes for sale in zip 64113, with an average price of $682,126 and 157 days on market. The average list price is very high; usually it is in the lower to mid $300,000 range. However, 30 of the 80 homes currently for sale are priced over $500,000 and ten of the 30 are priced over $1,000,000. There are many ‘upper bracket’ homes for sale which pushes up the average sales price.
If you would like specific sales numbers for your neighborhood, email me for a report tailored to your area!
(All figures taken from Heartland MLS and deemed reliable but not guaranteed.)